The Allstate Co. (NYSE:ALL) to Issue $0.92 Quarterly Dividend

The Allstate Co. (NYSE:ALL) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.92 per share by the insurance provider on Thursday, January 2nd. This represents a $3.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, November 29th.

Allstate has increased its dividend payment by an average of 18.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Allstate has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allstate to earn $19.14 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 19.2%.

Allstate Trading Up 0.2 %

NYSE:ALL opened at $208.19 on Thursday. The company has a market cap of $55.13 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.80 and a beta of 0.48. Allstate has a 1 year low of $134.17 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s fifty day moving average price is $192.34 and its two-hundred day moving average price is $178.57.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. As a group, analysts expect that Allstate will post 16.07 EPS for the current year.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

ALL has been the subject of a number of analyst reports. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Barclays raised their price target on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Morgan Stanley lifted their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Roth Mkm restated a “buy” rating and issued a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.